Investing.com - Sealed Air reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.82 on revenue of $1.24B. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $1.19B.
Sealed Air shares are up 1% from the beginning of the year and are trading at $40.60 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.95% from the start of the year.
Sealed Air follows other major Basic Materials sector earnings this month
Sealed Air's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.78 on revenue of $5.07B.
Southern Copper had beat expectations on Monday with third quarter EPS of $0.65 on revenue of $2.13B, compared to forecast for EPS of $0.55 on revenue of $2.03B.
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